The minimum retracement after the drop @1.3187 was reached. The zone is wide for completion of the potential wave 4, so for today, let's focus on 1.3208-1.3227

Coreg's EW+HP+D/W Range

fex, you have a very good analysis. You should post more. Don't worry, we won't scoop your money. I'm saying this for years, even with different tools to anylise the structure of the market we can come to the similar ...

Coreg's EW+HP+D/W Range

Monitor the 15M chart.

Coreg's EW+HP+D/W Range

Sorry, thought about DXY. Regarding the GU weekly chart, the price poked below the channel and quickly returned on Thursday inside. The first potential resistance zone is between 1.3187-1.3242. Beware of possible flag formation in the making.

Coreg's EW+HP+D/W Range

Possible, if the DXY elects to play BPC setup (breakout, pullback, continuation.

Coreg's EW+HP+D/W Range

Whale, the DXY did minimum what was expected; ABC, flat correction, it's the first pattern that can stop DXY advance.

Coreg's EW+HP+D/W Range

Whale, yesterday GU closed at the top of the bar. But I expected a deeper correction. GU even didn't touch the 38.2% level (1.3092) of correction. WL (1.3097) and 50% of yesterday's range stopped the fall.

Coreg's EW+HP+D/W Range

fex, very nice. 1.3186 can be the magnet for today.

Coreg's EW+HP+D/W Range

Potential for testing the 1.3080 level if a 1-5 pattern is in place.

Coreg's EW+HP+D/W Range

Hello, my invisible friends from Cable Update (GBPUSD) image

Coreg's EW+HP+D/W Range

Here is the analysis from the daily TF presented on the 1H chart, and why I pointed out the importance of the 1.3074 level. After the price got deep inside the channel, failure of wave 4 was inevitable (the first bar after London open), and an ...

Coreg's EW+HP+D/W Range

Whale, Miner's book. You are correct as long as wave 4 is finished in the zone for the end of W4. image image

Coreg's EW+HP+D/W Range

Whale, watch the zone between 1.3076-1.3064 if GU gets there. The market has a memory. Chart added. Here is how it looks on the 15M chart.

Coreg's EW+HP+D/W Range

GU in the potential zone for the end of wave 5...1.3113-1.3121

Coreg's EW+HP+D/W Range

msqk, there is nothing subjective about trading with TL. I use them to time the entry and also as a stop loss, reverse (SAR). If you use traditional patterns in your trading (flag, wedge, triangle, or EW patterns; an ending diagonal wave, etc), it ...

Coreg's EW+HP+D/W Range

Inside day bar printed yesterday.

Coreg's EW+HP+D/W Range

I don't know which one. I use standard methods to trade with TLs and channels.

Coreg's EW+HP+D/W Range

Warning... image image Added: GU for now is weak. Unable to hit at least PP during 2 full sessions.

Coreg's EW+HP+D/W Range

msqk, you have very good calls. Basically, I'm a range trader looking for EW patterns, HPs inside daily, weekly ranges. The daily chart keeps me from doing something stupid. I also check other traders' charts; it saved me on a few occasions from ...

Coreg's EW+HP+D/W Range

msqk, something has to give up; otherwise, it will be a frustrating day.

Coreg's EW+HP+D/W Range